[SMM Steel] EU consults on CBAM rebates linked to non-EU carbon credits

Published: May 18, 2026 17:17

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[SMM Steel] The European Commission launched a consultation on May 13 regarding draft CBAM rules that could allow EU importers to receive discounts on CBAM certificate costs if imported goods have already been subject to carbon pricing outside the EU. The proposal distinguishes between domestic and international carbon credits, with international credits limited to 10% of declared emissions and required to comply with Article 6 of the Paris Agreement. Currently, only Japan, South Korea, and Vietnam allow international credits within their carbon markets, according to ICAP. The consultation period will run until June 10.

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